StreetKRED

Download Whitepaper
Introduction
StreetKred Coin ($KRED) is a digital currency designed to bring financial services to people who are underserved financially. Our whimsical FatCat logo represents our mission to help everyone, everywhere access the financial world. Being unable to prove who you are or send money to your family is a daily struggle for millions of unbanked people worldwide. StreetKred aims to solve this by creating a digital ID system and easy-to-use money transfer services on the Solana blockchain network. With StreetKred, you could send money to relatives in another country quickly and cheaply or get a small loan to start a business. We're making this possible by combining technology with a fun, approachable image. Our FatCat meme helps spread the word about these important services in a friendly, memorable way. Join us in our mission to bring financial freedom to everyone.
StreetKred's $KRED digital currency is designed to help people who are often left out of the financial system. We're starting a movement to give everyone a digital identity through a StreetKred profile, which can help solve problems faced by people without bank accounts or official ID documents. For rapid adoption, we're giving away half of our 200 billion $KRED supply to the first 500,000 people who join us.
We chose a FatCat as our symbol for our movement because cats are clever survivors, just like many people who make it on the streets all over the world. Our FatCat represents the strength and smarts of our community.
We believe everyone should have access to modern financial tools, no matter where they live. That's why we're using the Solana Blockchain to create financial services that work across borders and don't need traditional banks.
$KRED is designed to be affordable and accessible, even if you've never had a bank account before. With StreetKred and $KRED, we're opening doors to financial opportunities that might have been closed to you before.
Join us in creating a world where everyone has the tools to thrive financially.
Vision
No matter where we are from or what language we speak, everyone can access StreetKred applications. We're creating a digital community where people can easily send value, save, and build their financial future by using $KRED. StreetKred Apps will be like having a bank account that works everywhere, keeps your money safe, and treats everyone fairly. The $KRED vision once integrated will be borderless!
Mission
StreetKred's mission is to build financial inclusion applications built on Solana to address the marginalized. We are generating a total supply of 200 billion $KRED Coins and distributing 100 billion $KRED Coins to the first 500,000 new members for adoption. StreetKred aims to create a global ecosystem where recognition becomes a tradable currency. StreetKred's goal is for the $KRED to reach $1 USDC in value.
Philosophy
The StreetKred Philosophy: Your Streets, Your Coin - $KRED. We want to change the world with the philosophy of "Empowering People, Building Communities" and "Leave things better than when we found it." We believe that everyone deserves recognition and financial inclusion. We know that we will never know what someone else has gone through, but we can help one another when the time comes to show our humanity. We promote sending $KRED and accounting for good.
Your Streets, Your Coin - $KRED
Total $KRED Coin Distribution
At StreetKred, we have meticulously designed our Tokenomics to drive the adoption, utility, and long-term sustainability of the $KRED token "Meme Coin or Coin." Our innovative token model aligns incentives, rewards active participation, and lays the foundation for a thriving, inclusive ecosystem. Everyone wants coins but it is scary to invest. We give free coins at zero risk, and no costs for discovering $KRED for the first several hundred thousand people who sign up to be a part of this community. After the free distribution to the StreetKred Community, $KRED will need to be bought. The sooner you sign up, the more $KRED coins you get. Do not miss out.
Total $KRED Coin Distribution
With a total mintable supply of 200 billion $KRED tokens, we are committed to putting the power in the hands of our community.
Free Distribution
Fifty percent (100 billion $KRED) is allocated for free distribution to the community through a series of airdrops. We believe in rewarding early adopters and supporters who share our vision of financial empowerment.
Liquidity and Exchange
Twenty percent (40 billion $KRED) is reserved for liquidity and exchange listings, ensuring $KRED is widely accessible and tradable.
Marketing and Partnerships
Ten percent (20 billion $KRED) is dedicated to marketing, partnerships, and advisor support to drive awareness and strategic growth.
Research and Development
Ten percent (20 billion $KRED) is allocated to research and development, fueling continuous innovation and improvement of the StreetKred platform.
Core Team Allocation
Ten percent (20 billion $KRED) is set aside for the core team, aligning our interests with the long-term success of the project.
The Problem: Financial Exclusion
The problem is the disparity between the wealthy and the underserved is growing. Access to financial resources through traditional means is limiting.
The Unbanked
Despite progress in recent years, financial exclusion is still a pressing global issue: Globally, 1.4 billion adults are unbanked, lacking even basic bank accounts-- Close to one in five people.
1
1.4 billion
Globally, 1.4 billion adults are unbanked, lacking even basic bank accounts-- Close to one in five people.
2
6%
In the U.S., 6% of adults were unbanked in 2022. Seventeen percent of adults with an annual income of less than $25,000 were unbanked, compared to just 1% of adults with an income between $50,000 and $99,999.
3
Racial Disparities
Racial disparities persist, with 13% of Black adults and 10% of Hispanic adults unbanked, compared to 3% of White adults.
4
Financial Vulnerability
The COVID-19 pandemic has further exposed and worsened these inequalities. Black and Latinx Americans experienced growing challenges around borrowing and financial planning. The share of financially vulnerable Americans rose to 17% in 2023, up from 15% in 2022.
Source: US Federal Reserve Broad Publication May 2023 on the Economic Well-Being of U.S. Households of 2022
The Problem: Identity 
Undocumented immigrants face significant barriers to accessing banking services, a situation that has broad implications for their financial stability and integration into the economy. Several studies and reports highlight the extent of these challenges and provide statistical insights into the issue.
1
Lack of Access to Banking Services
According to the New York City Department of Consumer Affairs, approximately 12% of New York City's population was unbanked in 2021, with undocumented immigrants constituting a significant portion of this group. Nationally, about 14% of Hispanic households were unbanked in 2019, a figure that is likely higher among undocumented immigrants due to additional barriers such as the lack of identification documents required by banks.
2
Barriers to Banking
Undocumented immigrants often lack the official identification required to open bank accounts. This includes Social Security numbers or government-issued IDs, which are standard requirements for most financial institutions. Moreover, fear of deportation and mistrust of institutions also deter many from attempting to access banking services.
3
Impact on Financial Stability
Being unbanked forces many undocumented immigrants to rely on alternative financial services like check-cashing services, payday loans, and money orders, which often come with high fees and interest rates. This exacerbates their financial vulnerability and limits their ability to save securely and build credit.
4
Efforts to Improve Access
Some cities and states have introduced initiatives to help undocumented immigrants access banking services. For instance, New York City offers municipal ID cards that can be used to open bank accounts at participating institutions. Similarly, some credit unions and community banks have more flexible identification requirements and offer services tailored to the needs of immigrant communities.
5
Statistical Overview
Data from the KFF/LA Times Survey of Immigrants in 2023 indicates that 15% of immigrant adults are uninsured, and those likely to be undocumented have even higher rates of being uninsured at 50%. This underscores the broader trend of limited access to essential services among undocumented populations, which includes banking​.
These statistics and insights highlight the critical need for policy interventions and community-based solutions to enhance financial inclusion for undocumented immigrants. Improving access to banking services can significantly contribute to their economic stability and overall well-being
Source: Key Facts on Health Coverage of Immigrants, published: Sept 17, 2023
The Problem: Remittance
Remittances, the transfer of money by foreign workers to their home countries, play a crucial role in the economies of many low- and middle-income countries (LMICs). In 2023, remittance flows to these countries grew by an estimated 3.8%, reaching $669 billion, supported by resilient labor markets in advanced economies and Gulf Cooperation Council countries​.
$669B
Global Remittance Flows
In 2023, remittance flows to low- and middle-income countries reached an estimated $669 billion, a 3.8% increase from the previous year.
6.2%
Average Remittance Cost
The global average cost of sending $200 was 6.2% in the second quarter of 2023.
12.1%
Bank Remittance Cost
Banks are the most expensive remittance service, with an average cost of 12.1% for sending $200.
4.1%
Mobile Operator Remittance Cost
Mobile operators are the cheapest, with an average cost of 4.1% for sending $200.
Regional Trends
Latin America and the Caribbean: Saw an 8% increase in remittance inflows.
South Asia: Experienced a 7.2% increase.
East Asia and the Pacific: Had a 3% increase.
Sub-Saharan Africa: Saw a 1.9% increase.
Middle East and North Africa: Declined by 5.3%.
Europe and Central Asia: Declined by 1.4%.
Top Remittance Recipients
The top five countries receiving remittances in 2023 were:
India ($125 billion)
Mexico ($67 billion)
China ($50 billion)
The Philippines ($40 billion)
Egypt ($24 billion)
Future Outlook
While remittance flows have been resilient, they are expected to grow at a slower pace, projected at 3.1% in 2024 due to global economic uncertainties, including inflation and weak economic growth prospects in highincome countries​ (World Bank)​. For further details, you can explore the full reports and data provided by the World Bank on their Remittance Prices Worldwide Database and their Migration and Development Briefs. Source: World Bank Group, Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace, Press Release: December 18, 2023 Source: World Bank Group, An analysis of trends in cost remittance services, Remittance Prices Worldwide Quarterly, Issue 47, September 2023 Source: Remittance Prices Worldwide Database: https://remittanceprices.worldbank.org/ Source: World Bank: Migration and Development Briefs, https://www.worldbank.org/en/topi
Source: World Bank Group, Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace, Press Release: December 18, 2023
The Problem: Micro-Lending
Micro-lending, a crucial financial service for small and underserved businesses, has seen significant growth and transformation due to technological advancements and increased digitalization.
Market Growth
The global micro-lending market was valued at approximately USD 213.58 billion in 2024 and is expected to reach USD 353.14 billion by 2029, growing at a CAGR of 10.58% during the forecast period. Another report estimates the market size to hit USD 448.75 billion by 2032, indicating robust growth driven by the adoption of advanced technologies and increased internet connectivity.
Regional Leadership
Asia-Pacific holds the largest market share due to its significant number of unbanked individuals and supportive government policies promoting financial inclusion. The region's rapid adoption of smartphones and digital platforms facilitates easier access to micro-lending services.
Cost and Accessibility
The cost of micro-loans can vary significantly based on the lender and region. Digital platforms and mobile banking reduce transaction costs and enhance the efficiency of loan processing and disbursal, making micro-loans more accessible and affordable. Peer-to-peer (P2P) lending is another growing trend, allowing individuals to lend money directly to borrowers, which can reduce costs compared to traditional lending.
Challenges and Opportunities
A significant challenge for the micro-lending industry is the lack of awareness about financial services among potential borrowers, particularly in low-income groups​. Opportunities lie in the expanding use of digital banking, which offers a practical and efficient way for borrowers to access micro-loans. The rise in government initiatives to support microlending also presents substantial growth potential, especially in developing regions​ (Precedence Research)​
Overall, the micro-lending industry is set to continue its growth trajectory, supported by technological advancements, increasing digitalization, and a strong focus on financial inclusion
Source: Statistics for the 2023 & 2024 Micro Lending Market size, created by Mordor Intelligence™ Industry Reports. Micro Lending Market size report includes a market forecast to 2029 and historical overview.
Source: Precedence Research, August 2023 Micro Lending Market Size, Share, and Trends 2024 to 2034
The $KRED Solution 
StreetKred Organization plans to create a Digital ID and $KRED Wallet for its community members. Members will be able to send and receive $KRED globally and pay for goods and services with the $KRED they own. By providing a low-cost, easily accessible digital currency and a novel method for proving digital identities, StreetKred looks to increase financial inclusion, self-agency, and prosperity for its members. Each aspect has been carefully designed to provide an environment where a vibrant community can thrive in support of each other and solidarity with other members regardless of difference or similarity - $KRED is a common currency.
Value Proposition
StreetKred is more than just another meme coin, it is a movement to drive real social impact by empowering marginalized communities with the tools for financial inclusion and self-sovereignty. Our mission is to provide accessible digital identity and financial services to the unbanked and underserved populations globally. StreetKred brings the power of crypto and decentralized finance to the masses. We are building financial inclusion through a low-cost digital token that we are giving away. No technical knowledge is needed. We want people to be served and fun with our meme.
Key Differentiators
Accessible Digital Identity: StreetKred enables anyone to easily create a secure digital identity profile, even without traditional government IDs. This opens access to essential services for billions of unbanked individuals.
Low-Cost Financial Services: By leveraging blockchain technology and dropping intermediaries, StreetKred provides fast, low-cost financial transactions and services that were previously out of reach for many.
Community-Driven: StreetKred is built from the ground up by the community, for the community. We thrive on word-of-mouth and referrals.
Tokenomics: Powering the StreetKred Revolution
 At StreetKred, we have meticulously designed our tokenomics to drive the adoption, utility, and long-term sustainability of the $KRED token “Meme Coin or Coin.” Our innovative token model aligns incentives, rewards active participation, and lays the foundation for a thriving, inclusive ecosystem. Everyone wants coins but it is scary to invest. We give free coins at zero risk, and no costs for discovering $KRED for the first several hundred thousand people who sign up to be a part of this community. After the free distribution to the StreetKred Community, $KRED will need to be bought. The sooner you sign up, the more $KRED coins you get. Do not miss out.
How are we building our $KRED?
Coin Overview 
The $KRED Meme Coin is a Solana Program Library (SPL) token with a total supply of two hundred billion tokens and nine decimal places. The token symbol is $KRED, and it follows the SPL token standard. This overview provides clarity on the token's basic characteristics and ensures compatibility with the Solana ecosystem.
Coin Functionality
 Fixed Token Supply The $KRED Coin is designed to be fixed to a total supply of 200 Billion $KRED. This fixed supply provides the structural integrity needed to guard against structural adjustments that would result in negative experiences for our token holders. Due to the static nature of the supply, $KRED is designed to be both stable and predictable. 
Coin Distribution $KRED has been designed to be given away to the people. The StreetKred Project will be holding multiple airdrops to give a total of 50% of all $KRED tokens to early adopters. This includes tokens that are reserved for future bonuses and community engagement.
The Coin distribution plan involves distributing 50% of the total supply (100 billion $KRED) through five rounds of airdrops to 500,000 members. The airdrop amounts decrease with each round, starting from 500,000 $KRED per member in the first round and reducing to 31,250 $KRED per member in the fifth round. The remaining Coins will be reserved for future bonuses
NFT Integretion
We are Incorporating NFT ecosystem to enable unique $KRED NFTs that can be created by and shared with our members. These Non-Fungible Tokens will be used for customization, rewards, and providing access to special experiences
DAO Creation
StreetKred Organization plans to convert to $KRED holders can send proposals, vote, and make decisions proportional to their holdings
Future Borderless Transactions
$KRED is designed to enable frictionless, borderless transactions for token holders. This means that when a member interacts with the StreetKred ecosystem, it is simple and secure.
Coin Security
At the StreetKred Project, ensuring the security of all our members and the underlying technology that makes the StreetKred ecosystem possible, is our crucial to supporting and growing our community. We are engaging with industry experts and will be providing the results of a security audit on the $KRED token
Coin Community Engagement
The StreetKred Project plans to actively engaging with the community through social media, forums, and other channels is crucial for building trust, encouraging participation, and fostering a vibrant ecosystem around the $KRED coin. Providing clear instructions and support for users taking part in the airdrop and DAO ensures a smooth user experience. Implementing a feedback mechanism to gather user input and suggestions enables continuous improvement and responsiveness to community needs
Airdrop Strategy: Rewarding Early Adopters 
Our airdrop strategy is designed to distribute $KRED everywhere, sparking viral adoption. The 100 billion $KRED distributed for airdrops will be distributed over five rounds to 500,000 members. Airdrop amounts will decrease with each round, starting from 500,000 $KRED per member in the first round and reducing to 31,250 $KRED per member in the fifth round. This ensures a fair and wide distribution while still rewarding early participants. 
Technical Architecture
 At StreetKred, we have meticulously crafted our technical foundation to deliver a seamless, secure, and accessible experience for our global community. By harnessing the unparalleled capabilities of the Solana blockchain, we are revolutionizing how people interact with digital currencies and empowering them to take control of their financial futures
Solana: The Blockchain of Choice for Speed, Scalability, and Affordability
 We built StreetKred on Solana because of the low cost of the transactions. StreetKred applications on the Solana network will use the fast Solana Blockchain for transactions. It can handle thousands of transactions every second. It's so efficient, that the fees for using StreetKred are lower than traditional banks or money transfer services. Solana's innovative Proof-of-History (PoH) consensus mechanism enables us to achieve unparalleled throughput while keeping the highest standards of decentralization and security. This means that our users can enjoy near-instant transactions at a fraction of the cost of other blockchain platforms. Solana uses the Rust programming language to provide an extra layer of security and performance. Building on Solana will allow our community to build NFTs
Mobile-First Design: Empowering Users on the Go 
First StreetKred members will enjoy a mobile-friendly experience initially. We understand that true financial inclusion means meeting people where they are. That is why we have prioritized a mobile-first approach, ensuring that our platform is accessible to anyone with a smartphone, regardless of their technical expertise. We will optimize our member experience for ease of use. This means that no matter where our users are or what device they are using, they can count on StreetKred to deliver a friendly experience. Uncompromising Security and Compliance The safety and security of our users' assets and personal information is our top priority. We have implemented a comprehensive suite of security measures to ensure that initial members are protected against potential threats and vulnerabilities. We will publish our Smart Contract Audit on StreetKred.org. All our smart contracts, including the token contract, DAO contract, and NFT contract, undergo rigorous security audits internally. We adhere to strict secure development practices. In addition to our technical safeguards, we are committed to ensuring that StreetKred operates in full compliance with all relevant regulations
StreetKred Ecosystem: 
$KRED is the lifeblood of the StreetKred ecosystem, powering a wide range of utilities:
Seamless payments and transactions
Participation post-airdrop $KRED releases
Purchase of unique digital assets and experiences through NFT integration
StreetKred Team & Roadmap
Norpheus
CEO, Co-Founder
Architect
CTO, Co-Founder
Unity
Chief Business Development Officer, Founding Member
EQ
Chief Strategy Officer, Founding Member
Ghost of Krypto
Director of Strategic Partnerships, Founding Member
Sentinel
Principal Security Architect, Founding Member
Advisors/Brand Ambassadors
MetaMan
Technology Innovation Advisor
CryptoPrincess
Social Media Strategy Advisor
MeowMint
JDPrime
 Lead Marketing Advisor
StreetKred Roadmap
StreetKred's mobile-first approach and digital identity solutions directly address 3 key barriers to financial inclusion:
1
Digital Borderless Identity
The StreetKred App enables users to create digital profiles, especially for those lacking traditional identification, promoting financial inclusion and identity verification.
2
Accessibility
With high global smartphone penetration (86% in 2023), our mobile-first design makes StreetKred accessible and convenient for underserved populations.
3
Security
MFA, and decentralized identity systems based on trust.
1
Q3 2024 - Q4 2024: Foundation of StreetKred
Community Building
Non-Profit Organization Formation
Recruit StreetKred Brand Ambassadors, Advisors, and Evangelist
StreetKred Smart Contract Completion
Launch Fat Cat Meme Brand
Launch StreetKred.org Platform
2
Q1 2025 - Q2 2025: Expansion of the StreetKred Community
Community Building
Expanding StreetKred Registration
Expand StreetKred Partnerships
Complete Private Sale Fundraising
Start Mobile App development
3
Q3 2025 - Q4 2025: StreetKred AI Integration
Community Building
Gamify Member Profiles
Expand Partnerships
Focus on global adoption of $KRED
Leverage AI for community expansion and optimization for StreetKred
4
Q4 2025 and Beyond: Expand on Application Development
Expand StreetKred Community Globally
Expand on StreetKred Mobile Applications
Integration of micro-lending forms to StreeKred Mobile Apps
Continue to promote the adoption of StreetKred
Disclaimer: Some of the roadmap goals and timelines may change for the best interest of the community from the StreetKred Organization. We will do our best to publish all changes in this Whitepaper as they occur.
Conclusion
StreetKred is more than just another Meme Coin; it is a movement for financial inclusion.
StreetKred is igniting decentralized empowerment. Imagine a world where your worth grows through your life journey where a street artist in Lagos and a vendor in Mumbai have equal access to financial tools that were once out of reach. This is what we are building with $KRED. Every $KRED transaction is a vote for a more inclusive world. It is a declaration that says, "I see you. Your life matters." With the capability to transact on the application. 
The StreetKred Team has spent years developing this vision to apply inclusion. Many Meme Coins are pumps and dumps. StreetKred believes in the Infinite Game, we are here for the good of humanity to help everyone, especially the marginalized.
StreetKred aims to create a more inclusive and fairer world where everyone can thrive. Are you ready to rewrite the rules of success? Are you ready to lift others and rise together?
Legal Disclaimer
Please read the entirety of this "legal disclaimer" section carefully. Nothing herein constitutes legal, financial, business, or
tax advice and you are strongly advised to consult your own legal, financial, tax, or other professional advisor(s) before
engaging in any activity in connection herewith. Neither StreetKred organization (the company), any of the project early
contributors (the StreetKred early contributors) who have worked on the StreetKred ecosystem (as defined herein) or
project to develop the StreetKred ecosystem in any way whatsoever, any distributor and/or vendor of StreetKred tokens
($KRED) (the distributor), nor any service provider shall be liable for any kind of direct or indirect damage or loss
whatsoever which you may suffer in connection with accessing the whitepaper, deck or material relating to StreetKred (the
token documentation) available on the website at  https://www.streetkred.org (the website, including any sub-domains
thereon) or any other websites or materials published or communicated by the company or its representatives from time to
time.
Project purpose
You agree that you are getting $KRED to take part in the StreetKred ecosystem and to obtain services on the ecosystem
thereon. The company, the distributor, and their respective affiliates would develop and contribute to the underlying source
code for the StreetKred ecosystem. The company is acting solely as an arms' length third party concerning the $KRED
distribution, and not in the capacity of a financial advisor or fiduciary of any person about the distribution of $KRED.
Token utility
The native cryptographically secure fungible protocol token of the StreetKred ecosystem (ticker symbol $KRED) is a
transferable representation of attributed utility functions specified in the protocol/code of the StreetKred ecosystem, and
which is designed to be used solely as an interoperable utility token thereon.
$KRED is a functional multi-utility token that will be used as the medium of exchange between participants on the
StreetKred ecosystem in a decentralized manner. The goal of introducing $KRED is to provide a convenient and secure
mode of payment and settlement between participants who interact within the ecosystem on the StreetKred platform
without any intermediaries such as centralized third-party entities/institutions/credit.
$KRED is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as
payment for goods or services or the discharge of a debt; nor is it designed or intended to be used by any person as
payment for any goods or services whatsoever that are not exclusively provided by the issuer. $KRED does not in any
way represent any shareholding, participation, right, title, or interest in the company, the distributor, their respective
affiliates, or any other company, enterprise, or undertaking, nor will $KRED entitle token holders to any promise of fees,
dividends, revenue, profits or investment returns, and are not intended to constitute securities in any jurisdiction.
$KRED may only be used on the StreetKred ecosystem, and ownership of $KRED carries no rights, express or implied,
other than the right to use $KRED to enable usage of and interaction within the StreetKred ecosystem. $KRED provides
the economic incentives that will be distributed to encourage users to contribute to and take part in the ecosystem on the
StreetKred platform, thereby creating a mutually beneficial system where every participant is fairly compensated for their
efforts. $KRED is an integral and indispensable part of the StreetKred ecosystem because, without $KRED, there would
be no incentive for users to spend resources to take part in activities or provide services for the benefit of the entire
ecosystem on the StreetKred platform.
Further, $KRED provides economic incentives that will be distributed to encourage users to exert efforts towards
contribution and participation in the ecosystem on the StreetKred ecosystem, thereby creating a mutually beneficial
system where every participant is fairly compensated for their efforts. $KRED is an integral and indispensable part of the
StreetKred ecosystem because, without $KRED, there would be no incentive for users to spend resources to take part in
activities or provide services for the benefit of the entire ecosystem on the StreetKred ecosystem. Given that an additional
$KRED will be awarded to a user based only on its actual usage, activity, and efforts made on the StreetKred ecosystem
and/or proportionate to the frequency and volume of transactions, users of the StreetKred ecosystem and/or holders of
$KRED which did not actively participate will not receive any $KRED incentives.
The StreetKred ecosystem will include a customizable digital identity and wallet app for the unbanked and underserved.
The $KRED token will enable access to the app's features and serve as a means of payment and value exchange within
the StreetKred community. However, $KRED is not a representation of any equity, participation, right, title, or interest in
the company, the distributor, their affiliates, or other enterprises. $KRED holders are not entitled to any promise of fees,
dividends, revenue, profits, or investment returns, and $KRED is not intended to constitute security in any area.
StreetKRED Organization 2024